The four funds will buy bitcoin, ether and equity in crypto or mining firms.
The stablecoin's price in dollars surged during the recent market correction to the highest since the "Black Thursday" sell-off in March 2020.
Users on Ethereum, Binance Smart Chain, Huobi ECO Chain or OKEx Chain would be able to convert digital assets on one of these networks to an identical asset on a different chain.
Exchange executives worldwide say the direct listing could spur adoption and acceptance of crypto.
Chinese social media app Weibo suspended the official accounts of four major crypto exchanges: Huobi, Binance, OKEx and MXC.
Huobi told CoinDesk the entity is within the company group.
The new license allows Huobi to advise on and manage securities investments.
Bitcoin analysts say this week's quick market rebound might be due to Chinese retail buyers buying the dip, using the stablecoin tether.
Even after a price plunge of more than $10,000 over the past couple days, analysts see further selling ahead.
Exchange tokens reached all-time highs, again.
It's the year of the ox, and many traders and investors are holding their bitcoin in anticipation of a bullish market trend.
The Chinese police appear to have intensified their crackdown on crypto exchanges’ OTC trading services in the last year.
The crypto exchange is partnering with BCB Group to get instant GBP and euro settlement for its customers.
A bogus video on Chinese social media has intensified a long-standing feud involving Binance, Huobi and OKEx.
After an abrupt departure over a year ago, Huobi has now secured a state trust license for its return to the U.S. market.